5:53pm: The Blazers have issued a press release confirming the trade is official.
3:40pm: The Trail Blazers are trading the No. 34 pick in the draft for three future second-rounders, Jake Fischer of Yahoo Sports tweets. The Knicks used the pick to select Marquette point guard Tyler Kolek, Shams Charania of The Athletic and Stadium tweets.
The Trail Blazers will receive two second-rounders the Knicks acquired in previous trades — a 2027 from Minnesota, and a 2029 that will be the least favorable of Indiana’s or Washington’s pick. New York also included its own 2030 second-round pick, according to Fischer (Twitter link).
Kolek is one of most established floor leaders coming out of the college ranks and provides depth behind star point man Jalen Brunson. Kolek led the nation in assists per game this past season at 7.7. He’s led the Big East in assists per game for three straight seasons.
In his senior season, he averaged 15.3 points, 4.9 rebounds and 1.2 steals. He’s valued as a passer with excellent footwork and finishing ability. He also improved his 3-point shooting in his last two college seasons, averaging 39.8% and 38.8%.
According to The Ringer’s Kevin O’Connor, there was a “ton of noise” that the Knicks would use one of their late first-rounders on Kolek (Twitter link). As it turned out, he was still available early in the second round.